What does GOCO mean in GOVERNMENTAL

A GOCO facility is a government-owned facility that is operated by a private contractor. The government typically owns the land, buildings, and equipment at the facility, while the contractor is responsible for day-to-day operations and maintenance. GOCO facilities are often used for specialized or technical operations that require the expertise of a private contractor.

GOCO facilities can provide a number of benefits for the government, including:

• Increased efficiency: Private contractors can often operate facilities more efficiently than the government, leading to cost savings and improved performance.
• Access to expertise: Private contractors often have specialized expertise that the government does not possess, which can be beneficial for operating complex or technical facilities.
• Flexibility: GOCO facilities can be more flexible than government-owned, government-operated (GOGO) facilities, allowing the government to respond more quickly to changing needs.

There are also some risks associated with using a GOCO facility, including:

• Cost overruns: Private contractors may charge more for their services than the government would if it operated the facility itself.
• Loss of control: The government may lose some control over the operation of the facility to the private contractor.
• Security concerns: Private contractors may not have the same level of security clearances as government employees, which could pose a security risk.

GOCO facilities are typically managed through a contract between the government and the private contractor. The contract should specify the terms of the agreement, including the scope of work, the performance standards, and the payment terms. The government may also appoint a contract manager to oversee the operation of the facility.